Fayerweather Charles Purchases 1,655 Shares of Paypal Holdings Inc (PYPL)

Fayerweather Charles lifted its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 45.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,327 shares of the credit services provider’s stock after purchasing an additional 1,655 shares during the period. Fayerweather Charles’ holdings in Paypal were worth $554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. Oregon Public Employees Retirement Fund lifted its position in shares of Paypal by 7,419.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 19,412,765 shares of the credit services provider’s stock worth $231,000 after purchasing an additional 19,154,611 shares in the last quarter. Norges Bank bought a new stake in shares of Paypal in the fourth quarter worth $906,735,000. Lunia Capital LP increased its stake in shares of Paypal by 5,015.1% in the fourth quarter. Lunia Capital LP now owns 4,152,952 shares of the credit services provider’s stock worth $4,153,000 after buying an additional 4,071,762 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Paypal by 3.7% in the third quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after buying an additional 3,056,620 shares during the last quarter. Finally, DSM Capital Partners LLC increased its stake in shares of Paypal by 119.4% in the fourth quarter. DSM Capital Partners LLC now owns 3,419,751 shares of the credit services provider’s stock worth $287,567,000 after buying an additional 1,861,400 shares during the last quarter. 81.68% of the stock is currently owned by institutional investors and hedge funds.

PYPL has been the subject of a number of research analyst reports. BidaskClub lowered shares of Paypal from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 7th. Craig Hallum restated a “buy” rating and issued a $110.00 price target (up previously from $100.00) on shares of Paypal in a research note on Thursday, January 31st. BTIG Research lifted their price target on shares of Paypal to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, February 19th. Nomura lifted their price target on shares of Paypal from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 28th. Finally, Bank of America restated a “buy” rating and issued a $116.00 price target (up previously from $102.00) on shares of Paypal in a research note on Friday, March 15th. Ten equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $107.68.

In related news, EVP Adele Louise Pentland sold 74,021 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $97.08, for a total value of $7,185,958.68. Following the completion of the sale, the executive vice president now owns 162,735 shares of the company’s stock, valued at $15,798,313.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Aaron Karczmer sold 6,813 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.25, for a total transaction of $669,377.25. Following the completion of the sale, the executive vice president now directly owns 57,859 shares of the company’s stock, valued at approximately $5,684,646.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 323,844 shares of company stock valued at $33,363,756. Corporate insiders own 0.15% of the company’s stock.

Shares of PYPL opened at $112.15 on Tuesday. Paypal Holdings Inc has a 1 year low of $74.66 and a 1 year high of $114.66. The firm has a market cap of $132.53 billion, a PE ratio of 62.65, a PEG ratio of 2.81 and a beta of 1.05.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.11. Paypal had a net margin of 13.92% and a return on equity of 15.50%. The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. Sell-side analysts expect that Paypal Holdings Inc will post 2.24 EPS for the current year.

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Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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